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The '''Federal Reserve System'''also known as the '''Federal Reserve''' or simply as '''the Fed'''is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, in response to a series of financial panics, that showed the need for central control of the monetary system, particularly a severe Panic of 1907|panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. "It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded." Events such as the Great Depression in the 1930s were major factors leading to changes...
Bank name in local| image_1 = File:US-FederalReserveSystem-Seal.svg|115px
HeadquartersEccles Building, Washington, D.C., U.S.
Established{{Start date and age|p=y|1913|12|23}}
PresidentJanet Yellen
Leader titleChair of the Federal Reserve|Chair
Bank ofUnited States|United States of America
CurrencyUnited States dollar
Currency isoUSD
Borrowing rate0.15% to 1.25%{{cite web|url=http://www.frbdiscountwindow.org/index.cfm/|title=The Federal Reserve Bank Discount Window & Payment System Risk Website}}http://www.frbdiscountwindow.org/
Website{{official website}}
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2008 1
AIG 1
APA 1
Acus 1
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Canada 1
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Chris 1
Harvey 1
IPU 1
Roads 1
Vessel 1
con 1
etc 1
in Rem 1
in Res 1
money 1
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